Question: 46. Jack & Jill just issued a bond * 1 point. with a par value of $1,000, coupon rate of 8 percent, and a 30

$46. Jack \& Jill just issued a bond * 1 point.$

46. Jack \& Jill just issued a bond * 1 point. with a par value of $1,000, coupon rate of 8 percent, and a 30 -year term to maturity. If the opportunity cost is 11 percent, what is the current yield of the bond? A. 10.82% B. 11.3% C. 8.88% D. 7.3% A C D B 47. Royals Limited has issued a * 1 point bond with par value of $1,000, a coupon rate of 9 percent that is paid semi-annually, and that matures in 10 years. What is the value of the bond if the required rate of return is 12 percent? A. 985.87 B. 754.98 C. 827.95 D. 1287.66 B A D C

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